Word: buys
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Dates: during 1950-1959
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...nations and finance the undeveloped, while many a rebuilt, well-financed country has maintained tariff walls against U.S. goods or tight controls on dollar purchases. Samples: Britain still limits or bars a long list of U.S. goods ranging from construction machinery to comic books; France excludes U.S. bourbon while buying British Scotch; Japan requires licensing for 70% of her imports, will not let Japanese businessmen buy some imports from the U.S. even when U.S. prices are cheaper. Last week...
After the Shah's mother gave a party in her honor last week, Farah Diba was escorted to the Teheran airport next morning by palace guards in civilian clothes, boarded an airliner for Geneva and Paris, presumably to buy her trousseau (she bought 15 Dior dresses). Iranian courtiers speculate that the engagement will be announced this week on the Shah's 40th birthday, but point out that even if the marriage goes through as expected, Farah will receive the title of Queen of Iran only if she bears a son. Until that time, she would probably be known...
With an ever ready supply of hard cash, Tangier's wily Indian merchants could buy in the world's cheapest markets, reexport to the most expensive. Sometimes the transactions were legal, often they were not. In recent years the smugglers alone have been netting about $100 million in sales. Biggest customer: Franco's Spain, whose fumbling economy is supplied with vital products by Tangier's smugglers...
...financing freight cars or oil tankers. After being turned down by several banks, a group of utilities that wanted to finance an atomic reactor turned to Morgan; in a few days, the bank set up the plan to do the job. When General Electric asked Morgan Guaranty to buy up the shares of an affiliate abroad, the bank doggedly pursued one widow from city to city all over Europe until she finally sold her shares...
...banking firm at 20 to try his own luck on Wall Street. After acting as agent for his father's firm, he went into business for himself under the name of J. Pierpont Morgan & Co. He performed dazzling feats of finance one after another. His method was to buy control of banks and other financial institutions, use them to seize a dominating role in corporations, then reorganize, merge and centralize the corporations in a process that became known as "Morganization...